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1103 S Vista Ave
Boise, ID 83705
Guthrie’s | Boise, ID · Retail Property For Sale

Investment Highlights

  • New 20-year absolute NNN lease with 10% rental increases every five years
  • Guthrie’s opened its first restaurant in Auburn, AL in 1965 and considers itself to be “pioneers of the fried chicken finger-only restaurants”
  • Site features a drive-thru for added customer convenience
  • Personal Guarantee with ~$70M net worth (stronger guarantee than many corporate tenants)
  • Developer/Seller has signed a 100+ unit area development agreement in ID, NV, AZ, NM, & CO which will create further country-wide brand equity

Executive Summary

High-visibility and easily accessible location along South Vista Avenue, a major Boise north-south thoroughfare, with access to over 23,000 vehicles per day directly in front of the site. Surrounded by notable tenants such as Albertson’s, McDonald’s, Rite Aid, Starbucks, Jack in the Box, Dollar Tree, Cold Stone Creamery, Well Fargo, Jimmy John’s and many others. Located less than a mile from Boise State University, the largest University in Idaho, with a total undergraduate enrollment of over 26,000 students. Close proximity to several Boise community hubs including Bowden Park, Terry Day Park, Boise State Indoor Tennis Center, Ann Morrison Baseball Fields, Boise Depot and several others. Strong demographics, with 184,067 residents living with a five-mile radius of the site. Affluent average household incomes of $110,252 within a five-mile radius of the property. The area within a five-mile radius of the site has experienced a 17% increase in population since 2010. The site is surrounded by densely populated neighborhoods and communities, designated as the “Depot Bench” neighborhood, with 2,023 single family homes. Projected AAHI and population increases within 1, 3 and 5-mile radii over the next five years poise Guthrie’s and Boise for steady concurrent growth.

Property Facts

Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,194 SF
Building Class
B
Year Built
2024
Price
$4,982,400 CAD
Price Per SF
$2,270.92 CAD
Cap Rate
6.25%
NOI
$311,400 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.47 AC
Zoning
ZC-243
Parking
20 Spaces (9.12 Spaces per 1,000 SF Leased)

Amenities

  • Drive Thru

Property Taxes

Property Taxes

Parcel Number
R3210000085
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,973,078 CAD
  • Listing ID: 34072513

  • Date on Market: 2024-12-03

  • Last Updated:

  • Address: 1103 S Vista Ave, Boise, ID 83705

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